LOC16:10
13:10 GMT
LONDON, Dec 4 (KUNA) -- A landmark partnership agreement between UK and Qatar reaches a significant milestone, solidifying one billion Sterling Pound (USA 1.267 billion) of investment in climate technology, Prime Minister Office statement said.
The partnership is expected to create thousands of highly skilled jobs over its lifetime and will launch world-leading climate technology hubs across the UK and Qatar to accelerate development in climate-friendly technologies.
This includes investment in technology programmers by British engineering giant Rolls-Royce that improve energy efficiency, support new sustainable fuels and lower carbon emissions, the statement added.
It will also see investment into start-ups in the UK and Qatar focusing on energy efficiency, carbon management, and green power.
During Qatar's State Visit to the UK, Prime Minister Keir Starmer and the Amir of Qatar Sheikh Tamim bin Hamad Al Thani will mark the agreement in Downing Street, following Qatar's confirmation of its initial commitment of 1 billion Sterling Pound.
Upon the occasion, Prime Minister Keir Starmer expressed pride of Qatar's decision to base this global partnership in the UK, saying " I am delighted that the project is getting off the ground with this initial commitment".
" Qatar and Rolls-Royce pursuing these opportunities in climate technology is a significant step in our ambition to become a clean energy superpower and further evidence that the UK is one of the best places in the world for companies to develop those technologies", Sratmer continued.
On his part, Qatari Prime Minister Sheikh Mohammed Abdulrahman al Thani was quoted as saying, " We are delighted to formally launch this groundbreaking partnership. The United Kingdom has a proud history of innovation in cutting edge technology, and Qatar has long been a trusted investment partner to British businesses".
" This new collaboration aligns with our long-term strategy to invest in the economies of the future", he noted.
" We welcome the formalization of our strategic relationship with Rolls-Royce. Qatar is already one of the largest purchasers of Rolls-Royce engines for Qatar Airways and a major investor in the small modular reactor nuclear industry", he added.
"This new partnership further strengthens Qatar's position as a leading global investor in climate technologies, and look forward to welcoming a diverse range of businesses to Doha as part of the Rolls-Royce partnership.he confirmed.(end)
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